EUR/USD will likely test the bottom of the KUMO next week Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Mar 11, 2018 3:33 PM

Hey guys,

As mentioned in my previous analysis, I am bearish on EUR/USD (check my previous analysis).

The pair didn't manage to break above 1.2420 and was rejected multiple times.

I am expecting the pair to visit the bottom of the KUMO which should act as a support. Should it fail, new targets will be developed.

Trade with care.

Cheers

Jesse

Comment

⋅ Mar 12, 2018 3:51 PM

*** EUR/USD Update***

The pair has shown some strength and is now in a strong resistance zone according to MP.

I am expecting this bounce to fail and reach the previous strong support zone, at least.

Cheers

Comment

⋅ Mar 12, 2018 5:54 PM

Same opinion, EURUSD consolidating in a range

Comments

Buckz

⋅ Mar 12, 2018 9:38 AM

Waiting on that flag breakout on the 15min chart

SwissPips

⋅ Mar 12, 2018 9:38 AM

@Buckz, same dude ;-) trade well!

FM-Alkatheeri

⋅ Mar 12, 2018 3:56 PM

waiting to fall and dive with it. all the best and thanks dear